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The Fortune 500 company plans to build a 145,000-square-foot manufacturing operation on 22 acres on Dunn Road in Fayetteville. The facility will manufacture trusses, wall panel systems and other homebuilding components, according to local economic development officials.
The average salaries for the new positions are expected to be more than $45,000, economic development officials said. NVR. Inc. also announced that it is expanding its operation in Cleveland County.
NVR is headquartered in Virginia. It sells and builds homes under the brands Ryan Homes, NVHomes and Heartland Homes in 15 states, the Fayetteville Cumberland Economic Development Corp. said in a release. It operates in two business segments: homebuilding and mortgage banking.
“When companies already in North Carolina choose to expand here, it’s a great vote of confidence,” Cooper said in a release. “Our ability to support NVR’s growth demonstrates the reliability of our workforce, access to supply chains, and quality of life as attractive tools to meet the increasing demands of the homebuilding industry.”
The Fayetteville City Council and the Cumberland County Board of Commissioners approved a combined $827,000 in local incentives for the project, the economic development corporation said.
“This project will serve as a cornerstone supporting additional economic development, making Dunn Road our next job creation corridor,” said Glenn Adams, chairman of the Board of Commissioners. “This is a major win for Fayetteville and Cumberland County.”
Incentives will be paid out provided the company meets the job-creation and investment goals.
“We are excited to have such a premier company choose our city for its expansion,” Fayetteville Mayor Mitch Colvin saidin the release. “We believe this project will have a significant positive impact in terms of adding jobs and enhancing our region.”
RealtyLink LLC purchased the building on Dunn Road that had been used by Soffe for its warehouse store. The building is being modified for an Amazon delivery center and a FedEx facility. RealtyLink is working with NVR to build the manufacturing operation, which will be across the street, the Fayetteville Cumberland Economic Development Corp. said.
Realty Link, based in Greenville, South Carolina, also developed Freedom Town Center on Skibo Road.
RealtyLink Principal David Allen said the company believes in the potential for growth and success in Fayetteville and Cumberland County.
“This is the natural progression of development for this project,” Allen said in the release.
“This facility is the next phase of developing 83 acres into a Fayetteville industrial corridor along Business I-95. We love your community.”